LONDON, Nov. 7, 2016 /PRNewswire/ --
The environmental consulting services industry comprises establishments engaged in providing advice, assistance, and action plans to organizations and governments to manage their environment. It includes prevention of environmental contamination, toxic substances, security consulting, waste management, and pollution control.
Asia was the largest geographic market in the environmental consulting services market in 2015, accounting for $10 billion or 40% of the global market. This can be attributed to the rise in demand for advisory services on environmental issues such as the control of environmental contamination due to hazardous and toxic substances from manufacturing companies in the large Asian economies. The Americas was the second largest geographic market, accounting for $10 billion or 30% of the global market. Europe was the third largest geographic market, accounting for $6 billion or 20% of the global market. The Middle East & Africa accounted for 5% and $2 billion, while Oceania accounted for 3% of the global environmental consulting services market.
Global per capita environmental consulting services consumption grew from $3.7 in 2011 to $4.1 in 2015 at a CAGR of 2.4% and is expected to grow to $5 in 2019 at a CAGR of 3%.
In the last five years, the environmental consulting services market has witnessed a rise in the number of specialist consulting firms that focus specific environmental concerns. Growth of such firms is independent and organic as organizations seek solutions to specific problems. The Global Environmental Consultancy predicts a rise in specialist firms in the field of climate change and energy services, predicted to grow by more than 30% in the next five-years, and in Latin America, and Africa and the Middle East, growing by 34% and 27%, respectively.
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